fruity pebbles
Footballguy
GameStop will probably mention AI 50 times in the earnings call. They always piggyback whatever is hot hoping to coattail.
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Stock Thread (12 Viewers)
- Thread starter St. Louis Bob
- Start date
McBokonon
Footballguy
They canceled the call, and they never take questions, anyway.
Capella
Footballguy
Yea I was gone all day. What was that about.
General Malaise
Footballguy
Just a bad day to own stonks.
fruity pebbles
Footballguy
Certain stocks. Russell 2000 was up 2% today.
General Malaise
Footballguy
That's true.
SFBayDuck
Footballguy
About time to see small caps catch a bid, really been underperforming. Maybe a little rotation beginning?
Energy was great today as well, XLE up 2.6% and OIH up 3%.
fruity pebbles
Footballguy
A rotation is the most bullish thing that can happen in this market right now.
Dr. Octopus
Footballguy
The greatest exchange of wealth in our lifetime. Guess not.
For most people, no. It’s still at $80 pre-split so it’s not like BBBY but most of these believers weren’t in the stock before the run up. Remember the recommendations to buy more when it was at $250? It’s got plenty more downside as fundamentally overvalued compared to a retailer like Best Buy and that’s without considering it’s decreasing in revenue not in revenue. It’s just got a base of people willing to buy dips.
They’ve tried a lot of tricks but nothing has worked and it’s been two years and it’s back to brick and mortar with lots of cost cutting and slowly losing revenue/chipping away at cash pile.
Capella
Footballguy
cold blooded
JB Breakfast Club
Footballguy
Hear me out...Gamestop rebrands as GameSpot, focusing on AI for dogs. Cohen returns to his dog-based roots. Stock lands on Mars.
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Todem
Footballguy
Gamma squeeze!!!!!!
Bob Sacamano
Footballguy
Still?!?!?
Bob Sacamano
Footballguy
JB Breakfast Club
Footballguy
Anyone who bought the post-earnings dip is up 20% in 3 days...
Long term = downtrend. Short term = WTF knows
.
Caveman33
Footballguy
Dang, I tried to cancel my order because I saw how the price was moving and figured there would be a better entry point as QQQ breaks out for a new high but most of the order had already filled so I'm in it. 50/50 I figure. But if it goes down, should be more than a 100% return...I hope.
JB Breakfast Club
Footballguy
Cohen with a big insider buy...it's getting fun again...Long term = downtrend. Short term = WTF knows
I’ve been selling covered calls. Kind of a similar play. Selling them against UPST, SOFI and AI, not the smartest moves ever.
General Malaise
Footballguy
AMD presentation starting now. Introducing their AI chip to the world. Curious what Lisa Su has to say about it.
He’s not dumb. When it’s not going well (bad earnings report, no future plan), he knows to make a purchase. He did the same last year. He owns about $900M now, so it’s a 1.1% addition to his stake to get a 10% gain on his entire stake. It’s almost comical how it is mentioned as if it’s a huge investment when he owns so much more. He knows it will bring more of his followers out to buy.Cohen with a big insider buy...it's getting fun again...Long term = downtrend. Short term = WTF knows
I’ll be interested to see when he pulls the rug out like he did with BBBY. There’s a much bigger cash pile so it can last a while but he’s going to want his gains as the end game. Business wise, there’s been no improvement at all.
fruity pebbles
Footballguy
I just don't understand why this business exists. It's like a Blockbuster video. Gimmicks are all they have. I fully expect them to start hammering AI like they did NFTs when they were hot.He’s not dumb. When it’s not going well (bad earnings report, no future plan), he knows to make a purchase. He did the same last year. He owns about $900M now, so it’s a 1.1% addition to his stake to get a 10% gain on his entire stake. It’s almost comical how it is mentioned as if it’s a huge investment when he owns so much more. He knows it will bring more of his followers out to buy.Cohen with a big insider buy...it's getting fun again...Long term = downtrend. Short term = WTF knows
I’ll be interested to see when he pulls the rug out like he did with BBBY. There’s a much bigger cash pile so it can last a while but he’s going to want his gains as the end game. Business wise, there’s been no improvement at all.
General Malaise
Footballguy
Sell the news on AMD I guess.....
JB Breakfast Club
Footballguy
It certainly has a feeling of going back to the meme well. I picked up some shares that I hope to sell at 30. It's a pure public momentum play, but the meme chatter is enough for me to take a small shot.He’s not dumb. When it’s not going well (bad earnings report, no future plan), he knows to make a purchase. He did the same last year. He owns about $900M now, so it’s a 1.1% addition to his stake to get a 10% gain on his entire stake. It’s almost comical how it is mentioned as if it’s a huge investment when he owns so much more. He knows it will bring more of his followers out to buy.Cohen with a big insider buy...it's getting fun again...Long term = downtrend. Short term = WTF knows
I’ll be interested to see when he pulls the rug out like he did with BBBY. There’s a much bigger cash pile so it can last a while but he’s going to want his gains as the end game. Business wise, there’s been no improvement at all.
There’s a reason why, even though I don’t believe in the stock at all, I’d never short it. I don’t short anyway but it’s stuff like this where he can post a picture of a penguin boinking a frog eating ice cream or increase his stake by 1% and the stock can fly. The ownership is irrational so they don’t care that the company are slowly bleeding money and business is getting worse with nothing new. You can’t fight it rationally, you just watch and see what happens. I wonder how much of these runs is retail anyway.It certainly has a feeling of going back to the meme well. I picked up some shares that I hope to sell at 30. It's a pure public momentum play, but the meme chatter is enough for me to take a small shot.He’s not dumb. When it’s not going well (bad earnings report, no future plan), he knows to make a purchase. He did the same last year. He owns about $900M now, so it’s a 1.1% addition to his stake to get a 10% gain on his entire stake. It’s almost comical how it is mentioned as if it’s a huge investment when he owns so much more. He knows it will bring more of his followers out to buy.Cohen with a big insider buy...it's getting fun again...Long term = downtrend. Short term = WTF knows
I’ll be interested to see when he pulls the rug out like he did with BBBY. There’s a much bigger cash pile so it can last a while but he’s going to want his gains as the end game. Business wise, there’s been no improvement at all.
Desert_Power
Footballguy
I've actually used Gamestop a few times in the last year, usually because they had the best discounts/pricing.I just don't understand why this business exists. It's like a Blockbuster video. Gimmicks are all they have. I fully expect them to start hammering AI like they did NFTs when they were hot.He’s not dumb. When it’s not going well (bad earnings report, no future plan), he knows to make a purchase. He did the same last year. He owns about $900M now, so it’s a 1.1% addition to his stake to get a 10% gain on his entire stake. It’s almost comical how it is mentioned as if it’s a huge investment when he owns so much more. He knows it will bring more of his followers out to buy.Cohen with a big insider buy...it's getting fun again...Long term = downtrend. Short term = WTF knows
I’ll be interested to see when he pulls the rug out like he did with BBBY. There’s a much bigger cash pile so it can last a while but he’s going to want his gains as the end game. Business wise, there’s been no improvement at all.
Investing in this stock is just putting the Greater Fool theory into practice.
Did you own MDU? I don’t recall ever hearing about either one but Knife River was a recent spin off so that’s likely why it appeared.
BassNBrew
Footballguy
Yuip, that's it.
Speaking of "K", thanks for the heads up on Kinsdale. Up 92%. It's now close to 3% of my wieghting. Should I be thinning here or is this a hold.
Dwayne Hoover
Footballguy
Definitely a hold for me
I bought that and INSP back in June or July of 2020 and don’t have plans to sell either one. Up 200% on INSP and 100-110% on KNSL. Have a couple similar ones in SWAV and SEDG that I bought in 2019 (up 430% and 190%). Those four don’t move in lock step with the market but they continue to report well. They are not heavily followed. All of them were sub $5B market caps when I bought them. Haven’t thought about selling any of them.
Just to add, all 4 are top 10 holdings.
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General Malaise
Footballguy
Oh yeah, I'm not moving off on this one. Just thought the market might go ga-ga for Su's new AI chip or whatever. Yawn.
JB Breakfast Club
Footballguy
Sofi doubled in the last month. Anything to see here? I kinda gave up on SPACs after ME, ATIP, and RKLB all cratered.
SFBayDuck
Footballguy
General Malaise
Footballguy
Rates unchanged. See what happens.
Capella
Footballguy
Very quickly red lol. Isn’t that what everybody expected?
Capella
Footballguy
Guess they projected more hikes. God I hate when Powell speaks.
McBokonon
Footballguy
He hasn’t spoken yet. That’s in a couple minutes.
My prediction is markets reverse when he answers a question in a way that can be interpreted as saying projected hikes may not happen if data dictates it.
Capella
Footballguy
FreeBaGeL
Footballguy
I tax loss harvested so much stuff at the literal bottom
SFBayDuck
Footballguy
I tax loss harvested so much stuff at the literal bottom
SOFI is the only one that really hurt. The rest of the TLH I did in December were ETFs/MFs that I sold and then I bought similar but not "substantially identical" funds (ie still small caps but different index).
General Malaise
Footballguy
Might just be me and @kevzilla who care on Alphamin, but their CEO is going on the road in Canada with BMO to pitch his company. Demand for tin is booming with data centers and solar while supply continues to be under constraint. AI demand is another driver for tin, so I'm hopeful this story gets some traction. Be nice if this wasn't a penny stock. It shouldn't be.
Desert_Power
Footballguy
I don't own it, but OPRA has a fun chart this year.
BassNBrew
Footballguy
Still with you and up 73%. Thank you.
